Compliance and Risk Manager

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  • Salary:

    c.£45,000 + Benefits

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  • Published:

    6 months ago

My client is currently seeking an experienced Compliance Manager who has worked in a regulated financial services environment such as an MGA, Insurer or Broker/Insurance Intermediary Firm. The Manager will be a key part of the group compliance function and will be a ‘certified individual’ under SM&CR.

Key responsibilities include:

  • Periodically conducts high level audits and reviews to ensure execution of compliance standards
  • Conduct Second line monitoring and audits of business units and delivery appropriate feedback
  • Leading in the development and execution of a Compliance Monitoring Framework/ Plan for all business functions
  • Oversee continuous embedding of ISO27001 Information Security Management Framework and adherence to the standard
  • Oversee and maintain PCIDSS payment card compliance requirements
  • Oversee the continuous development of Business Continuity and Disaster Recovery Plans, Business Impact Assessments and overall strategy
  • Maintain our contract library for key business contracts
  • Conduct horizon scanning exercises on an ongoing basis, and where needed communicate and potential changes out to the senior management team
  • Examines and improve auditing processes to prevent compliance issues or resolve them in a timely manner
  • Conduct initial and ongoing due diligence on third party companies that work with the group
  • Complete due diligence packs requested by appropriate third parties
  • Ensure company’s policies and rules are in line with regulatory and ethical standards
  • Escalate any high/ medium risks to appropriate individuals with relevant mitigation action
  • Review current processes and procedures to ensure consistency with FCA and other regulatory bodies, making recommendations where necessary and facilitating implementation

The Person:

  • Significant compliance experience with the insurance industry
  • Vast experience and knowledge of FCA/PRA regulation including but not limited ICOBS, CONC, CASS, SYSC and IDD
  • Proven experience in working within a regulated environment in a compliance role, preferable insurance or insurance intermediary